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It
quoted other unidentified sources as saying the rejection was a blow to the
wholly-owned government strategic investment company.

I
am yet to receive response to two SMS messages I sent to a minister and press
secretary to a senior minister seeking confirmation on the Cabinet decision.

If
the online media reports are true, the Cabinet action could be seen as
signalling that the Prime Minister (Datuk Seri) Mohd Najib Abdul Razak no
longer holds sway, at least not on the issue of 1MDB.

This
is a huge setback for him. I would not, at this point, speculate that there is
an emerging revolt against his leadership.

1MDB
is his creation. He is the chairman of its advisory board. The company is owned
by Finance Ministry and Mohd Najib is also its minister.

This
could add further burden on the already beleaguered Prime Minister. Only weeks
ago he gloated in a special TV3 interview about the soundness of 1MDB’s
investment.

In
a separate development, the chairman of Public Accounts Committee (PAC) of the
Parliament, (Datuk) Nur Jazlan Mohamed, has called upon the Auditor General's
Department to carry out an immediate audit of 1MDB.

He
was reported as saying that audit should be made to determine the source of the
RM2-billion 1MDB used to settle loans with the local banks (Maybank and RHB
Capital), its proposed plan to borrow RM3-billion from the Treasury, its
dealings with PetroSaudi International (PSI) and whether the money it parked in
Cayman Islands has been brought home.

Meanwhile, Mohd Najib Razak is reported to
be taking legal action against PAS party organ Harakahdaily over a report that
linked his stepson, Riza Abdul Aziz, to 1MDB.

The Utusan Online reported that a letter of demand was
handed over to Harakahdaily's managing editor Dr Rosli Yaakub yesterday. Mohd
Najib was quoted as saying that he was suing to protect his family.

24 comments:

Najib should bear the responsiblity for all the messes he created. Seems he is willing to sell this country at a cheaper price. It is a huge scandal that cannot be neglected for a very long time.

Meanwhile Bank Negara deafening silence is extraordinary and Bank Negara Zeti Aziz credibility is at stake. It is surprising that Zeti Aziz still defending a weak and dooming financial and economic progress. But we will not be surprise should Malaysia get C+ for financial and economic ratings in the future. Zeti Aziz is working on behalf of a scandalous government or in the interest of the public? It is huge question mark. Should she resign?

Not bad for TMI to get such an explosive scoop. The 1mdb issue has been exposed exclusively on social media with the mainstream press following in the footsteps. Even Reuters is quoting TMI in their latest report. The question that is playing on the mind1. Why is the police so slow in concluding their investigation. 2.Why did Nur Jazlan suddenly ask for the AG do conduct a special audit. Did he get wahyu after the cabinet meeting3. Why is the star playing up the upcoming meeting between the pm and the Ketua Bahagian umno. Signs of stress?

Investors have been edgy since the fund struggled to repay a2 billion ringgit (about $563 million) loan to local banksoriginally due at the end of last year, prompting a selloff inits benchmark 2023 bonds.

The cabinet has also rejected a proposed cash injection into1MDB of 3 billion ringgit ($830 million), reducing the financingoptions for the firm, the Malaysian Insider news websitereported on Friday, citing unidentified sources. 1MDB declinedto comment on the report and the finance ministry did notimmediately respond to a request for comment.

The action taken against Harakah by Najib revealed that he is more concerned in protecting Rosmah's side of the family than Tun Razak's reputation? This behaviour is common in families where the wife is in control.

No love for Zeti Aziz. Many high profile people will leave Najib in this 1 or 2 years. Even Ananda Krishan will leave Najib. 1MDB is not a mere Ah Chong Sdn Bhd, it is 1Malaysia Development Board chaired by the President Najib himself. Loan RM 42 billion performed under the guarantee of Malaysian government.

7 keturunan pun takkan habis bayar hutang ni.

Hope Najib will call for General Election as soon as possible and let the people decide. Could Muhyiddin resolve the 1MDB issue should he become the Prime Minister? Even the school does not not have wall.

Melayu boleh balik kampung and we want to see Melayu Kampung Baru to build a house near longkang Sg Gombak as 7 skyscrapers to be build on Tanah Melayu Kampung Baru. Chinese are not allowed to enter when accomplished. So small for Datum Jelatek. Hidup UMNO !

About Me

I was born in 1947 in Kedah. I came from a rice farming family. I have been a journalist since 1969. I am the Editor-in-Chief of magazine publishing company, Berita Publishing Sdn Bhd. I was Group Editor NST Sdn Bhd and Group Editor-in-Chief of NSTP Bhd between 1988 and 2000. I write fortnightly column “Other Thots” in the Malaysian Business magazine, Kunta Kinte Original in Berita Harian and A Kadir Jasin Bercerita in Dewan Masyarakat. Books: Biar Putih Tulang (1998), Other Thots – Opinions & Observations 1992-2001 (2001), The Wings of an Eagle (2003), Mencari Dugalia Huso (2006), Damned That Thots (2006), Blogger (2006), PRU 2008-Rakyat Sahut Cabaran (2008), Komedi & Tragedi-Latest in Contemporary Malaysian Politics (2009) and Membangun Bangsa dengan Pena (2009).